Market Buzz: Markets optimistic on news from Greece

RIA Novosti / Aleksey Kudenko
The Russian market is likely to continue its positive trend and could open in the black on Thursday.

­“I expect the early trades of the Russian stocks to be flat, but positive US stats could contribute to growth,” said Ilya Rachenkov from Investcafe. “The papers of financial sector would probably show a good dynamic.”

Wednesday was another calm day for Russian shares. MICEX closed 0.49% higher and RTS rose 0.82%. Energy shares were among the gainers as Surgutnefttegas jumped 3,46%, Mosenergo added 2.48% and preferred  shares of Tatneft grew 2%.

European stock markets showed mild growth on Wednesday as the Greek government resumed talks with bondholders to discuss a voluntary write-down on the country’s sovereign debt. The European Stoxx 600 closed 0.1% higher after a choppy session.

US shares rose on Wednesday with positive news in the housing sector  and with Goldman Sachs bank reporting better results than expected. The Dow Jones rose 96.88 points, the S&P 500 added 14.37 points, while the Nasdaq Composite Index climbed 41.63 points. Consumer price index data will be issued later on Thursday.

Asian stocks climbed in early Thursday trading amid overnight gains in the US market and financials rising on hopes for a deal on Greek sovereign debt. Japan’s Nikkei Stock performed well for a second day in a row, rising 1.3%, while Shanghai Composite added 0.6% and Hong Kong’s Hang Seng gained 1.2%. South Korea’s Kospi climbed 1% and Singapore’s Straits Times Index improved by 0.8%.